For any investor, the most tedious task is finding the right investment option and investing in it. There are plenty of investment options available. The important thing is finding the perfect one.
Apart from the investment option, the thing that matters so much is place. The returns from a particular investment option will differ from one country to another. Taking the example of real estate. The returns you will get will vary depending on the country. Investing in the real estate market of a country with poor economic and property market performance won’t give you better returns. Instead, you should be investing in the country with consistent economic growth and better property market performance.
When we talk about a country with better economic and real estate performance, Cambodia comes to the mind. In this post, we will talk about whether Cambodia is a good place for investment or not.
Cambodia is the country that has successfully passed major recessions of the 2000s and 2007. Do you know, it is the 6th fastest growing country in the world? Almost all the countries around the world were affected during that time period. Countries around the world were suffering because of the economic downturn, while Cambodia was the country that was doing great during that time. Over the past decade, Cambodia succeeded in sustaining its GDP growth.
The strong economic growth of Cambodia is the result of foreign direct investments. And with the development of the country’s economy, more number of investors are taking an interest in investing in Cambodia. FDI (Foreign Direct Investment) in Cambodia had increased more than 800% in the last 10 years. From these stats, we can say that Cambodia can be a perfect country for investment. Here are some other reasons you should consider investing in Cambodia:
1. No visa restrictions
The first and main reason why most investors are attracted to investing in Cambodia is that there are no visa restrictions. Getting a visa in Cambodia is easy. Depending on your nationality, you can get a tourist visa free for 14 to 30 days.
2. No need to change citizenship
Depending on the country, there are different laws for investment. Some countries require investors to change their citizenship in order to invest in real estate. Talking about Cambodia, this is not the case. To get into the business or real estate, you are not required to change your citizenship. As a foreigner, you can buy property in Cambodia through Strata title or by way of nominee structure.
3. Strong GDP growth
GDP is an important parameter to measure the economic growth and development of any country. Cambodia’s strong GDP growth from the past many years is one of the reasons why investors are attracted here. In Cambodia, the textile and tourism industries play a vital role in GDP. The country is achieving an average of 7% GDP growth from the year 2011.
4. Increasing property prices
If you are planning to invest in the property market, Cambodia can be the perfect country for it. First of all, you do not have to change your citizenship to do so. And another reason is the constant increase in property prices. Cambodia real estate market has been booming after the passing of legislation on foreign property ownership in April 2010.
Hence, Cambodia is a safe country for investment. It is ideal for investment in businesses as well as real estate. With the rising land prices, investing in the Cambodia property market can help you get better returns. Sihanoukville and Phnom Penh are top Cambodia cities in the property market. So, you can invest in Sihanoukville real estate or Phnom Penh real estate.